Archive for January 28, 2009

Ellwood City Forge commissions new press shop

Author: press release : 01/28/09

September, 2008. Ellwood City Forge commissioned a new, 40/45 mN open die press shop at its Ellwood Mill Products division in New Castle, PA. The shop includes:

5000T press manufactured by Danieli Breda, Milan, Italy
75 ton-capacity mobile manipulator manufactured by Dango & Dienenthal, Siegen, Germany
85 ton-capacity overhead cranes
four ingot reheat furnaces.
The four post forging press is equipped with an automated, eight-station tool change system, shifting table and rotating upper tool. It is capable of planishing up to 150 strokes per minute. The shop forges ingots up to 75 tons in weight.

In addition the new EMP shop includes:

six car bottom heat treat furnaces
two 80,000 gallon, agitated quench tanks, one with polymer quenchant and one with water, capable of treating parts up to 40 feet in length

New CFO Announced

Author: Press Release : 01/19/09

EGI announces the promotion of Ben Huffman to the post of Chief Financial Officer, effective February 1, 2009. This appointment is in addition to Ben’s existing duties as Treasurer of EGI. Ben will report to David Barensfeld.

This is part of the phased transfer of duties from Larry Symons to Ben Huffman that has been underway for several years now. Larry will continue as Executive Vice President of EGI and as a member of the EGI board of directors and executive committee where his sage counsel will continue to help guide EGI going forward. EGI thanks Larry for his excellent work as their CFO since 1991.

Ben was hired as controller of Ellwood National Forge in 2003 and later served as Director of Finance of Ellwood City Forge. Before that he was Senior Manager at Ernst & Young, Pittsburgh, where he supervised the audit of EGI. Ben is a graduate (BA, Accounting) of West Virginia University

EGI sells European Interest

Author: David Barensfeld : 01/12/09

EGI on 1/7/09 sold all its stock in Ellwood Steel Belgium to GMH Holding, Osnabrueck, Germany, terminating all of its interest in ESB. GMH plans to continue operations at ESB’s plant in Seraing, Belgium with the same work force. EGI plans to redeploy the proceeds of its sale in new capital projects related to our companies in the United States.